Connect with us

Hi, what are you looking for?

World News

G7 finance chiefs to meet on Feb 23 to discuss measures against Russia

TOKYO — Financial leaders of the Group of Seven (G7) will meet on Feb. 23 to discuss measures against Russia that will put pressure on it to end the Ukraine war, Japan’s Finance Minister Shunichi Suzuki said on Tuesday.

Japan will chair the meeting of finance ministers and central bank governors from the G7 nations in the Indian city of Bengaluru. The meeting will come almost a year since Russia invaded Ukraine, calling it a “special military operation”.

The war has raged on despite a slew of punitive measures G7 and other countries have taken against Russia.

“Support for Ukraine and sanctions against Russia will be the main topics of discussion,” Suzuki told a news conference. “We will continue to closely coordinate with G7 and the international community to enhance the effect of sanctions to achieve the ultimate goal of prompting Russia to withdraw.”

Japan chairs G7 ministerial meetings this year in the run-up to the May 19-21 summit meeting of G7 leaders in Hiroshima. The G7 comprises Britain, Canada, France, Germany, Italy, Japan, and the United States.

The G7 meeting will be followed later in the week by a broader gathering of G20 financial leaders from the world’s major economies, which will be hosted in Bengaluru by India, which has the G20 presidency.

The Ukraine war and the global economy are expected to be the focus of the G20 talks.

It will discuss inflation that has been heightened by Russia’s war, energy and food prices, and support for emerging market economies facing debt problems. A failure to tackle emerging market debt could lead to a financial crisis, a senior Japanese official said earlier.

“By contributing to discussions on these problems, we are hoping to produce significant results that will lead to stable and sustainable global growth,” Suzuki said. — Reuters

    You May Also Like


    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...


    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...


    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...


    Since the rise of online casinos, cybersecurity has become a major concern for both casino operators and players alike. The transactions that go around...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023 | All Rights Reserved